The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-26
CONDITION OF THE MARKETS,
Another Dull Day in Wheat, Spectators
BEING Content with Looking0n.
limited Trading in Corn, Accompanied by an
Easier Feeling-Oats Dull and Feature
less-Provisions Quiet and Unchanged.
MONEY, BONDS AND STOCKS.

Increased Activity and Strength, Accom-
panied by Slightly Better Prices.
NEW YORk, March 25.-Money on call was
Easy at ga 81 per cent, the last loan being made
,s 3, closed ut 2t03.
Prime mercantile paper, s 06 per cent.
Sterling exchange was dull at 81. S54 for sixty
day bills, and 81 s7s for demand.
The total sales of stocks to-day were 253, AS
shares. including the following Delaware,
Iackawanna & Western, 23,200; Erie, IL, 935;
Reading, 1887; ST. Paul, 1850; Western
Union, $3.50.
The stock market started out this morning at
good pace, business being active and prices
strong, but there was liberal realization at the
advance by the cliaues and the Improvement,
except in q few speciaties, was confined to frac-
lions only. Later the usual midsummer dull
ness again INTERVIEWED, and prices
larger business in the leading
stocks and considerable foreign buying,
especially of Reading, which ruled high in the
London market. There was considerable heavi-
ness in the trunk lines, which was ascrbed in
part to the withdrawal Of the Grand Trunk from
the Central Traffic Association. and rumor was
current that large pool was liquidating. The
graEgers were again conspicuous feature. but
Several of the specialties again attracted marked
attention. and Fort Worth & Denver made a
material advance heavy business for that
stock. Kingston 81 Pembroke and Atlantic e.
Pacific were active and Hooking Coal and Iron,
Pullman, and Milwaukee, Lake Shore IL West
srn were noticeable. Lackawanna was conspic-
uous in the early part of the day for its activity
and heaviness on firm market. The favorable
effects of the announcement of the dividend
which had been more than earned, was neutral
ICED by the probability of the company being
forced to pay the back taxes on the Morris &
Essex. A feature of the day was the unusually
large number of low priced stocks. The market
was firm at the opening, but gains over last
evenings final figures were for insignificant
fractions only, except for Hooking Valley which
was up per cont. Business was
active. although principally confined to
half a dozen stocks and prices were
firm, with Fort Worth q Denver showing I'M
usual strength. Tnere was less activity toward
noon, except for the grangers and Lackawanna.
Prices continued firm, however. until after II
o'clock. The market then became extremely
dull. and downward movement which contin-
ned until the close, was inaugurated, although
the progress made was very slow. A slight
squirt in Canada Southern occurred toward 2 p.
NJ, to which the general market responded
feeby but the close was dull and weak, gener-
ally near the lowest prices of the day The
general list shows irregular changes this even
Ing, chiefly for small fractions only.
Railroad bonds ---s more active, but the
increased business in Few specialties was
responsible for most Of the Improvement. Out
of q total days business of 1889 900 shares, A.
II p. incomes contributed $500. 900; st. Louis,
Arkansas & Texas frsts $243, 900. and Green
Bay incomes $4,000 The market was stronger
than usual of late, and final prices generally
show advances.
Both government and State bonds were dull
and steady. Closing quotations were